eToro, a social investment network, has announced the IPO of Fantom (FTM). Since the announcement, Fantom prices have witnessed a rise of more than 10%, while the 24-hour trading volume is also up 76%.

The investment platform has listed Theta Network (THETA) in addition to FTM. After the addition of FTM and THETA, the total number of available cryptocurrency on eToro has reached 57.

FTM mainnet goes live on eToro

Fanton, which was created as an alternative to Ethereum (ETH), has suffered a lot from certain announcements. Recently, DeFi developers Andre Cronje and Anton Nell stated that they are leaving the crypto space. Actually, Cronje and Nell were associated with over 25 apps and services, and FTM was one of them. However, FTM CEO Michael Kong handled the situation quite well and called the announcement misleading regarding the token.

In a statement, Fantom Network thanked Andre for working with them for 4 years and for adding value to Fantom and the entire crypto and DeFi space in general.

Fantom and Theta have witnessed a drop of about 20% and 13% respectively in the last 7 days. However, both THETA and FTM prices have risen since the new eToro listing broke.

Fantom (FTM) price up 9%

Fantom prices are up more than 9% in the last 24 hours. FTM was trading at an average price of $1.15 at press time. The token has registered a 75% spike in 24-hour trading volume of $1,540,724,275. According to CoinMarketCap, Fantom is ranked 43rd with a total market cap of $2.9 billion

Source: CoinMarketCap

While the price of Theta Network has registered a slight increase of more than 2% in the last 24 hours. THETA is trading at $2.72 with 24-hour trading volume of $157,619,258, at press time. According to CoinMarketCap, THETA ranks 45th with a total market cap of $2.7 billion.

Source: CoinMarketCap


The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

About the author

Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]

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